But for TLM to purchase VRX's 20% of Thaduna it would be more than what they have in the bank...
If they offered $16m to VRX it would only equate to $0.135 a share, and as a SH of VRX I don't think I would be happy with that considering Thaduna should mean $3-5m a year for 10-15 years.
TLM's best hope lies in exactly what they are doing, let SFR spend the cash and take the cash they have and look for an advanced exploration project somewhere else (nothing they currently have is a company maker) you won't get much of a resource for $10m, unless it's uneconomic.
Tubber
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Last
23.0¢ |
Change
-0.005(2.13%) |
Mkt cap ! $39.54M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 23.0¢ | $6.133K | 26.66K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 58519 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 99791 | 1 |
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| Last trade - 10.24am 04/12/2024 (20 minute delay) ? |
| TLM (ASX) Chart |
